will my option be assigned?

I have sold SPY weekly call option with strike price at $302 which is expired today. at 16:00pm, spy closed at 302.01. however, after 16:00pm, spy traded below $302 and now at $301.45. will my option be assigned?

 

I guess > 50% chance it is exercised........

 

Maybe slightly lower chance as I see it closed at 302.01 and it traded in AH systematically (from the first minute) below 302.....

Still a good chance that it is exercised.......

 

Let us know tomorrow!!

 

yes, it closed at 302.01 at 4pm. hope it will get assigned since I have spy long position, it is a covered call.

 

i think it is quite tricky here. since option buyer has right but not required to exercise the option, it is foolish for call buyer to exercise the spy call at 302. but if the buyer does not inform its broker not to assign, by default all option in the money even of 0.01 will be automatically exercised.

 

And what was the verdict?

 

SPY is not called away.

 

OK so for these liquid names owners might monitor & respond more actively (which of course is easier because of the same liquidity).

So a bit unfortunate (although chance SPY goes up monday is > 50%.......)

 

Hate to be negative, but when something like this happens to me you can count on SPY dropping like a brick, since it wasn't called...

*Hopefully yours will work out.

*But if you believe Overnight, the world is coming to an end Monday